FTX

FTX

Finance

FTX Agrees to Sell Itself to Rival Binance Amid Liquidity Scare at Crypto Exchange

The two crypto exchange giants signed a non-binding letter of intent, Binance CEO Changpeng "CZ" Zhao confirmed on Twitter.

FTX CEO Sam Bankman-Fried and Binance CEO Changpeng "CZ" Zhao (CoinDesk)

Finance

FTX's Bitcoin Balance Plunges to Just 1

Roughly 20,000 bitcoin have been pulled from the crypto exchange in the past 24 hours, according to data from Coinglass.

Attackers drained all liquidity from the affected QuickSwap pool. (Shutterstock)

Markets

El token FTT se desploma por temor a un posible contagio de Alameda en el mercado

FTT cayó casi 20% en una hora, mientras que SOL de Solana bajó 17% y SRM de Serum, 10%.

(CoinDesk)

Markets

Abracadabra's MIM Stablecoin Briefly Lost Dollar Peg as FTX's FTT Token Tanked

FTT is the largest collateral backing MIM, accounting for 33% of the total collateral locked in Abracadabra's "cauldrons."

(CoinGecko)

Markets

BitDAO Community Asks Alameda for Proof of Funds After BIT's Sudden 20% Drop

The BitDAO community has said that it will vote on what to do with its FTT tokens if Alameda fails to provide evidence that it continues to hold BIT tokens as promised. Alameda has promised to provide the evidence soon.

(bluebudgie/Pixabay)

Markets

Bitcoin, Ether Slide as Protective Puts Draw Demand Amid Sell-Off in FTX's Token

Options market tied to bitcoin and ether shows renewed bias for puts, perhaps a sign of investor fears the FTX-Alameda drama may bring another market-wide crash.

Bitcoin's price drops as FTT hits the lowest since February 2021. (Highcharts.com/CoinDesk)

Finance

Sam Bankman-Fried No Longer a Billionaire After $14.6B Wipeout: Bloomberg

The FTX CEO lost an estimated $14.6 billion dollars – nearly 94% of his total wealth – according to the Bloomberg Billionaire Index.

Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

Markets

FTX Token Plummets on Withdrawal Concerns as Contagion Hits Broader Crypto Markets

The FTT price has declined nearly 14% over the past 24 hours, with Solana's SOL and Serum's SRM taking losses along with bigger cryptocurrencies like bitcoin and ether.

(CoinDesk)

Markets

FTX/Alameda Questions Hold the Spotlight as US Midterm Election, Inflation Data Loom

A drop below $22 could mean a more significant ride down for FTT.

FTX CEO Sam Bankman-Fried (Craig Barritt/Getty Images)

Videos

Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet

FTX CEO Sam Bankman-Fried is denying insolvency rumors plaguing the crypto exchange, tweeting in part "FTX has enough to cover all client holdings." This comes after CoinDesk revealed the balance sheet of FTX's sister company Alameda Research was loaded with FTX's native exchange token FTT. Binance CEO Changpeng "CZ" Zhao, a sizable owner of FTT, said his exchange would begin liquidating any remaining FTT it held on its books. CoinDesk Deputy Managing Editor Tracy Wang discusses the developments.

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